TM Lewin has appointed New Look’s former international managing director Sven Gaede as its new chief executive.
This means Geoff Quinn, who has been chief executive since 1993, will become chairman and continue to be an active board member of the menswear retailer.
Meanwhile, current chairman since June 2016 Jonathan Halford will take up a non-executive director role and will “devote his time to supporting this management transition”.
“This is the perfect time for Sven Gaede to become TM Lewin’s next CEO – we have built a very strong platform and this appointment represents the next key step in delivering our very ambitious growth plans,” Quinn said.
“We were looking for a CEO who would thrive in this competitive and dynamic market – someone capable of accelerating what is already working well for us.
“He will move the business forward with the speed required to capitalise on the opportunities that lie ahead.
”Sven’s vision, strategy and execution track record is exactly what TM Lewin needs as we enter our next stage of growth.”
Gaede’ departure from New Look last month was announced simultaneously with UK managing director Danny Barrasso leaving the company.
Gaede had been with the fashion retailer for three years.
His previous stints include being chief financial officer for Gap’s Europe division, chief executive of Hackett for five years, chief commercial officer of Dunhill London for three years, and UK managing director of outlet shopping centre group McArthurGlen.